teacherone
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Amazingly accurate MSM article
- Thread starter teacherone
- Start date
KCIndy
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Okay, maybe I need to break out my tinfoil hat again... but....
Does anyone wonder WHY the MSM is finally starting to acknowledge the huge economic mess we're in, when they've been so good at denying it to date?
I can't help but wonder if the "powers that be" are realizing the financial "Big One" can't be stopped, and the media is being used to start preparing the public for the inevitable calamity...
Does anyone wonder WHY the MSM is finally starting to acknowledge the huge economic mess we're in, when they've been so good at denying it to date?
I can't help but wonder if the "powers that be" are realizing the financial "Big One" can't be stopped, and the media is being used to start preparing the public for the inevitable calamity...
Athan
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IF they are acknowledging it, it is because they may be starting to realize the people they were protecting before are going to throw them under the bus like the rest of us regardless of what they do.
Brassmouth
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...it's a common phrase.
Original_Intent
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Highly doubtful. More likely the powers that be have everything in order to profit from the market tanking and are using their media proxies to make it happen.
I believe that you are sadly mistaken if you believe that the MSM even has it in their power to turn against TPTB. With a few exceptions they are completely owned by TPTB. No worries about them being thrown under the bus, the people they are protecting have an iron grip on what will or will not be published, televised, etc. The fact that Rachel Maddow's rant made the airwaves almost makes me wonder if Obama isn't being set up to be thrown under the bus.
hugolp
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The Matrix its not perfect. Sometimes some reality slips through The Matrix. But how many people will read this? How many will really understand it? I dont think they are very worried.
teacherone
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Kohn Says Fed Asset Purchases May Boost Economy by $1 Trillion
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By Scott Lanman
May 24 (Bloomberg) -- Federal Reserve Board Vice Chairman Donald Kohn said the U.S. economy may get a $1 trillion boost in coming years from the central bank’s purchases of government and mortgage debt, along with $175 billion in extra tax revenue.
Kohn defended the central bank’s response to the financial crisis and worst recession in 50 years while saying the central bank “needs a framework” for tightening credit when the economy rebounds. Some economists and Fed officials, including Philadelphia Fed President Charles Plosser, say adding the assets to the balance sheet risks spurring inflation.
“The preliminary evidence suggests that our program so far has worked,” Kohn, 66, said yesterday in a speech during a panel discussion at a conference on monetary and fiscal policy at Princeton University in New Jersey. He cited reductions in longer-term interest rates.
The Fed is in the process of buying $300 billion of long- term Treasuries through September, as authorized at the March meeting of the Federal Open Market Committee. Policy makers also at the time more than doubled planned purchases of mortgage- backed securities to $1.25 trillion this year and boosted federal agency debt purchases to $200 billion from $100 billion.
The comments make it more likely that Fed officials will “extend or expand” programs to purchase the assets, Michael Feroli, a JPMorgan Chase & Co. economist and former Fed researcher, said in a note yesterday.
Purchases may increase nominal gross domestic product as much as $1 trillion “over the next several years,” Kohn said in a footnote to his remarks.
Share | Email | Print | A A A
By Scott Lanman
May 24 (Bloomberg) -- Federal Reserve Board Vice Chairman Donald Kohn said the U.S. economy may get a $1 trillion boost in coming years from the central bank’s purchases of government and mortgage debt, along with $175 billion in extra tax revenue.
Kohn defended the central bank’s response to the financial crisis and worst recession in 50 years while saying the central bank “needs a framework” for tightening credit when the economy rebounds. Some economists and Fed officials, including Philadelphia Fed President Charles Plosser, say adding the assets to the balance sheet risks spurring inflation.
“The preliminary evidence suggests that our program so far has worked,” Kohn, 66, said yesterday in a speech during a panel discussion at a conference on monetary and fiscal policy at Princeton University in New Jersey. He cited reductions in longer-term interest rates.
The Fed is in the process of buying $300 billion of long- term Treasuries through September, as authorized at the March meeting of the Federal Open Market Committee. Policy makers also at the time more than doubled planned purchases of mortgage- backed securities to $1.25 trillion this year and boosted federal agency debt purchases to $200 billion from $100 billion.
The comments make it more likely that Fed officials will “extend or expand” programs to purchase the assets, Michael Feroli, a JPMorgan Chase & Co. economist and former Fed researcher, said in a note yesterday.
Purchases may increase nominal gross domestic product as much as $1 trillion “over the next several years,” Kohn said in a footnote to his remarks.
carlangaslangas
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They are just catering to their audience which is quickly becoming unemployed. They don't want to alienate these viewers by telling them everything is fine with the economy. The media is just giving them what they want to hear. Business as usual.
newbitech
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You can toss some of those dollars this away if there are some demand problems out there.
jon_perez
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The fallacy is in you tinfoil hatters assuming that so-called "MSM" is always trying to hide something and in your trying to ascribe an evil or unsavory motive to something just because it happens to be "mainstream"... exactly like the below quote...
The truth could just be something as banal as the "MSM" being a little slower to get clued into what's happening... or maybe because they were just more careful to not get caught up in irresponsible chicken little pronouncements before, but now the situation is dead obvious and there's just nothing left to do but report it. Now that Barack Obama has honestly and categorically said that the US is "out of money now"... are you going to ascribe more sinister motives to that or just take it for the honest appraisal of the situation that it is?
A little slower to get clued in? Yeah I'm sure...
Yeah, everyone knows that Keynesian Economics is merely a fabricated truth to keep all the masses down and the powers that be in power. Every tv reporter, every professor in colleges and universities, ALL of them all bought and paid for to spew the Keynesian newspeak. When we go to college to get any form of higher education, we are actually being brainwashed.
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